Mirvac Group (ASX:MGR) releases half year report

The Mirvac Group (ASX:MGR) has reported total revenue and other income of $851M for the half year ended December 31, 2022, a decrease of 48% from the previous corresponding period.

Profit for the half year attributable to stapled security holders decreased by 62% to $215M, and operating profit after tax grew 3% to $305M.

Earnings per stapled security (EPS) was 5.5 cents (basic) and 15.5 cents (diluted).

Net tangible asset (NTA) backing per ordinary security was $2.80 (excluding EIS securities) and $2.76 (including EIS securities).